Energy

Saudi Oil Rig Decline Due to Completion of Projects, Says Aramco

An oil drilling rig, operated by Saudi Aramco, in Manifa, Saudi Arabia.Photographer: Simon Dawson/Bloomberg

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By Verity Ratcliffe

August 5, 2025 at 10:14 AM UTC

The number of active oil rigs in Saudi Arabia fell after several oil-field projects aimed at maintaining production capacity were completed, said Aramco Chief Executive Officer Amin Nasser.

Another factor was the kingdom’s decision in January 2024 to maintain its maximum sustainable capacity, or MSC, at 12 million barrels a day, scrapping plans to boost it to 13 million barrels a day, Nasser said.